Weber Christopher T 4

4 · Valaris Ltd · Filed Apr 9, 2026

AI-generated summary of this filing

Updated Apr 9, 2026

Valaris (VAL) SVP/CFO Christopher Weber Receives Award

What Happened

Christopher T. Weber, SVP and Chief Financial Officer of Valaris Ltd (VAL), received a grant of 379 restricted share units (RSUs) on April 7, 2026 (reported April 9, 2026). The grant was reported at $0.00 per share because these are equity awards rather than an open-market purchase. Separately, 50 shares were withheld upon vesting/settlement to cover tax withholding at $99.70 per share, resulting in $4,985 paid to satisfy tax obligations.

Key Details

Transaction dates and amounts: Award (A) of 379 RSUs on 2026-04-07; tax withholding (F) of 50 shares on 2026-04-07 at $99.70/share (total $4,985).
Vesting / true-up note: Footnote F1 says this grant is a true‑up due to an administrative error in March 2025; 127 RSUs vested upon the April 7, 2026 grant, and the remaining 126 RSUs vest on March 3, 2027 and 126 on March 3, 2028.
Tax withholding: Footnote F2 states the 50 shares were withheld to satisfy tax withholding and the issuer will pay the cash tax to the appropriate authority.
Shares owned after transaction: Not specified in the provided filing excerpt.
Filing timeliness: Filing date is April 9, 2026 for transactions on April 7, 2026 (no late filing indicated in the excerpt).

Context

These RSUs are award/compensation, not an open-market purchase or sale. The 50-share withholding is a common cashless mechanism to cover tax liabilities upon vesting/settlement and does not necessarily indicate a discretionary sale by the insider. The grant is a corrective "true-up" to align RSU counts with amounts previously approved by the Compensation Committee and Board.

Form 4

Period: 2026-04-07

SVP - CFO

Transactions

Footnotes (2)

[F1]Due to an administrative error in the calculation of equity awards granted to executive officers in March 2025, fewer restricted share units were issued than were previously approved by the Compensation Committee and the Board of Directors. This grant represents a true-up award to align the number of restricted share units issued with the amounts originally approved. This grant will vest as follows: 127 restricted share units that would have vested on March 3, 2026 vested upon grant on April 7, 2026; 126 restricted share units will vest on March 3, 2027 and 126 restricted share units will vest on March 3, 2028.
[F2]These shares were withheld upon settlement or vesting to enable the reporting person to satisfy tax withholding obligations that arose upon such settlement or vesting, which will be paid by the issuer to the appropriate taxing authority in cash.

Signature

/s/ Andrew Campbell, power-of-attorney|2026-04-09

1 file